Free Annual Credit Report – Government Offers 100% Free Analysis from Experian, Equifax and Transunion in November 2010
Posted on | November 17, 2010 | No Comments
As the overall economy continues to recover from the credit crisis many Americans are looking to take advantage of the current low interest rate environment. The federal reserve bank has taken the necessary steps to make certain interest rates are low but only those with very good credit scores will have an opportunity to take advantage of this cheap money to borrow.
At the present time the federal government offers a free annual credit report available at the website annualcreditreport.com. This 100% free credit analysis from the bureaus of Experian, Equifax and Transunion will likely help Americans better understand why a credit score is low or high. Remember that this free annual credit report does not include a free credit score but it will give a financial history of a specific borrower.
When looking to save money with lower interest rates it is extremely important to make certain that a credit report is 100% free of mistakes or errors. By having an accuracies on a credit report many people could see a credit score that is negatively affected. Some Americans could see a credit score 100 points lower than what they deserve due to inaccuracies on a credit report.
By taking the time and effort to take advantage of this free resource some Americans could end up saving hundreds and possibly thousands of dollars a year. With 30 year fixed mortgage rates under 4.5% and credit card interest rates extremely low many borrowers could reduce overall interest payments by going to the refinance process or negotiating with credit cards.
Unfortunately, it continues to be the case that lenders are very strict with money therefore it will take a credit score that is about 740 to have any opportunity at these current low rates. It is extremely difficult to get a credit score this high if there are mistakes on a credit report which is one of the main reasons the government has offered this 100% free analysis.
Author: Heather Best
Tags: free annual credit report > free equifax credit report > free experian credit report > free government credit report > free transunion credit report
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